Tied to our vision, anchored by our values, building on our strengths
AGM13/12 Supervisory & Compliance Committee’s Report
The report of the Supervisory & Compliance Committee was presented by the Chairman Bro. Alan Francis. Bro.
Francis moved a motion that the report be taken as read and it carried without dissent.
The report highlighted the tasks which the committee undertook during the period. Bro. Francis noted two (2)
areas of concern:
1. Investments
He reported that at the time of the review not all the investments were approved or ratified by the Board
of Directors. He further noted that this was clarified after the date of the committee’s report.
2. Loans.
He expressed concern in the borrowing habits of members and strongly recommended that a Financial
Counselor be hired in an effort to reduce the delinquency rate.
A motion to adopt the report of the Supervisory & Compliance Committee was moved by Bro. Che
Cummings and seconded by Sis. Janeal Palmer and carried without dissent.
AGM13/13 Auditors Report
The Auditors report was presented by a representative from the Auditors Panell Kerr Foster, Sis. Pearlena Sylvester.
The report was adopted by a motion moved by Sis. Yvette Lessey, seconded by Bro. Oliver Joseph and carried.
AGM13/14 Election Results
The returning officer presented the report from the voting process as follows:
Sis. Venita Alexander-Thomas
Sis. Annette Henry
Bro. Duane Noel
Bro. Ernie James
Bro. Phillip Telesford
160 votes
168 votes
169 votes
187 votes
203 votes
The newest members of the Board of Directors were declared to be Sis. Annette Henry and Bros. Duane Noel,
Ernie James and Phillip Telesford, with Sis. Annette Henry serving the remaining two year term of Bro. Kelvin
George.
The Chairman congratulated the new members of all Committees and invited them to sit at the 1st 3 rows at the
front of the room.
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